Participants will glean a deeper understanding of how mortgage-backed securities are structured, what kinds of MBS credit unions are investing in, evaluating risk and collateralized mortgage obligation class structures.
Mike McGinnis of Catalyst Corporate FCU will go over the best practices in evaluating MBS pass-through pools and the various CMO tranches through a discussion of:
- How to evaluate the underlying collateral
- Discuss prepayment and extension probability and risk
- Evaluate the anticipated performance in various interest rate scenarios
Meet the presenter
Mike McGinnis, Vice President, Investment Sales, coordinates the marketing and sales functions of all Catalyst Strategic Solutions and Catalyst Corporate investment services, including advisory, ALM and brokerage services. Joining Catalyst Strategic Solutions in 2004 as a national sales executive, Mike took on increasing responsibility over the years before transitioning into his current position in 2012.
He began his credit union industry career in 1996 with CUNA Mutual Group, working with member brokerage and insurance programs, credit union marketing, lending solutions, employee benefits and credit union insurance coverage. Mike has a Bachelor of Arts degree in economics from Southeastern Louisiana University and a master’s degree in accounting from the University of Texas at Dallas. He holds FINRA Series 7, 63 and 24 securities licenses.